ICICI Bank, the leading private sector bank of India, is going to announce the Q2 FY26 results today. As per the analysis by the leading brokerage firms, such as Nomura, Emkay, Axis Securities, and Yes Securities, the bank is expected to post a low to moderate net profit growth, 5 per cent to 8 per cent YoY, in the quarter.
Some analysts say that ICICI Bank’s profit could also see a decline in the quarter.
ICICI Bank’s Net Interest Income is expected to grow by 6 per cent to 10 per cent YoY in Q2 FY26. However, on a quarterly basis, the bank’s NII could decline by 1 per cent to 2 per cent, analysts say.
Here are the key expectations of the major stock brokerage firms on ICICI Bank’s profit, Net Interest Income, and Net Interest Margins
ICICI Bank Q2 profit expectations
Emkay expects the highest PAT growth for ICICI Bank. The firm says that ICICI is likely to post a PAT of Rs 12,749 crore, increasing 8.5 per cent YoY, while declining 0.1 per cent QoQ.
Nomura expects ICICI Bank to post a PAT of Rs 12,300 crore, growing 5 per cent YoY and declining 4 per cent QoQ.
Axix Securities and Yes Securities project a 0.7 per cent and 0.9 per cent YoY PAT decline for ICICI Bank in Q2. Both firms also expect ICICI Bank’s PAT to decline by 8.6 per cent and 9 per cent on a quarterly basis.
ICICI Bank Q2 NII expectations
The majority of brokerage reports expect ICICI’s Net Interest Income to grow between 5-10 per cent on a yearly basis.
Nomura expects ICICI’s NII to grow 7 per cent YoY to Rs 21,520 crore. The firm says that the bank’s NII is likely to decline 1 per cent QoQ. Axis Securities and YES Securities expect ICICI Bank’s NII to grow 5.7 per cent YoY and 10 per cent YoY, respectively. As per Yes Securities analysis, ICICI Bank’s Net Interest Income could reach Rs 22,133 crore in Q2 FY26.
ICICI Bank Q2 margins expectations
ICICI Bank’s Net Interest Margin is expected to decline by 5 to 7 basis points on a yearly basis. Additionally, the bank’s margins are expected to decline significantly on a quarterly basis.
Nomura expects ICICI’s NIM to decline by 7 basis points YoY and 14 basis points on QoQ. The firm says that ICICI’s NIM will be at 4.2 per cent in the quarter. Emkay also expect ICICI’s NIM to remain at 4.2 per cent in the quarter.
